Uncategorized
Emperor Intersects 15.8 g/t Au over 10.8 m on Duquesne West Property Under Option from Globex
GLOBEX MINING ENTERPRISES INC. (TSE:GMX) (FRA: G1MN) (OTCQX:GLBXF) is pleased to report on progress by Emperor Metals Inc (CSE:AUOZ) (OTCPK: EMAUF) (FRA:9NH) on the Duquesne West Gold property under option from Duparquet Assets, 50% owned by Globex (click to original option press release), located in Duparquet township, Quebec, north of Rouyn-Noranda.
To date, Emperor have completed 8,239 m of the initial +8,000 m drill program, having recently completed drill hole DQ23-13. Emperor previously announced partial assays from holes DQ23-01 and DQ23-02 (click to Globex press release dated September 12, 2023).
| Results included: | |
| DQ23-01: | 5.63 g/t Au over 11.70 m, including 7.98 g/t Au over 5.75 m |
| DQ23-02: | 3.97 g/t Au over 10.65 m, including 5.34 g/t Au over 5.00 m and |
| 1.69 g/t Au over 25 m, including 3.12 g/t Au over 7.00 m | |
|
As regards these two holes, Emperor has now announced additional mineralized intersections as follows: |
|
| DQ23-01: | 2.77 g/t Au over 4.15 m from 659.7 m to 663.85 m |
| 0.62 g/t Au over 22.6 m from 794.40 m to 817.0 m | |
| 0.33 g/t Au over 28.8 m from 914.15 m to 942.95 m | |
| DQ23-02 | 1.99 g/t Au over 2.0 m from 517.2 m to 519.2 m |
| 2.69 g/t Au over 2.5 m from 677.1 m to 679.6 m | |
|
Assay results from new holes DQ23-03, 04 and 05 are now announced as follows: |
|
| DQ23-03 | 5.09 g/t Au over 1.1 m from 417.75 m to 418.85 m |
| 6.14 g/t Au over 2.0 m from 941.20 m to 943.20 m | |
| DQ23-04 | 0.45 g/t Au over 17.50 m from 318.50 m to 336.00 m |
| 6.23 g/t Au over 2.75 m from 433.70 m to 436.45 m | |
| 4.24 g/t Au over 3.00 m from 449.00 m to 452.00 m | |
| 19.01 g/t Au over 1.20 m from 548.30 m to 549.50 m | |
| 0.45 g/t Au over 34.70 m from 571.30 m to 606.00 m | |
| 2.95 g/t Au over 1.25 m from 651.35 m to 652.60 m | |
| DQ23-05 | 5.01 g/t Au over 2.5 m from 133.00 m to 135.50 m |
| 0.50 g/t Au over 24.4 m from 257.20 m to 281.60 m | |
| 2.00 g/t Au over 3.1 m from 391.90 m to 395.00 m | |
| 15.85 g/t Au over 10.80 m from 556.00 m to 566.80 m, including 27.24 g/t Au over 3.4 m | |
| 0.52 g/t Au over 18.35 m from 575.65 m to 594.00 m | |
| It is believed that Hole DQ23-05 extends the targeted gold zone an additional +100 metres along plunge. | |
Cross Section DQ23-05 – Emperor Metals
True widths of holes DQ23-01 to 23-04 estimated at 90%
True widths of hole DQ23-05 estimated at 80-90%
(Click here to access to current Emperor Metals press release dated October 17, 2023)
Emperor state they “Continue to see significant intervals of gold grades amendable for a conceptual open-pit mining environment above a high-grade underground mine” (see figures below).
Ultimate Pit Concept – Images 1 and 2 – Emperor Metals
The Duquesne West Property has a historical NI 43-101 Inferred Resource of 727,000 tonnes grading 5.42 g/t Au (using a gold price of $960.00 US/oz. Au). The NI 43-101 report is available on Globex’s website.
This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.
Posted October 17, 2023
MORE or "UNCATEGORIZED"
Red Pine Discovers Significant Gold Mineralization in Faulted Extension of the Jubilee Shear on the Wawa Gold Project
Red Pine Exploration Inc. (TSX-V: RPX) (OTCQB: RDEXF) is pleased ... READ MORE
October 31, 2024
F3 Announces Closing of Private Placement for Aggregate Gross Proceeds of C$8 Million
F3 Uranium Corp. (TSX-V: FUU) (OTC Pink: FUUFF) is pleased to ann... READ MORE
October 31, 2024
Collective Mining Announces Closing of Concurrent Financings for Gross Proceeds of C$46.35 Million
Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) is pleased to ann... READ MORE
October 31, 2024
ARIS MINING ANNOUNCES CLOSING OF US$450 MILLION SENIOR NOTES OFFERING TO FUND REDEMPTION OF OUTSTANDING 6.875% SENIOR NOTES
Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) announces t... READ MORE
October 31, 2024
Rare Element Resources Receives Final Approval Required to Commence Operations of Rare Earth Demonstration Plant in Wyoming
Staffing in place and operations shakedown underway Rare E... READ MORE
October 31, 2024
